Skip to main content

About this Show

Lou Dobbs Tonight

News/Business. Lou Dobbs. The journalist offers his take on issues and interviews newsmakers. (CC)

NETWORK

DURATION
01:00:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Virtual Ch. 130 (Fox Business)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

China 11, U.s. 10, Obama 8, America 8, Us 8, Romney 6, United States 5, John 3, New York 3, Hazelton 2, The Union 2, Canada 2, Lou 2, Iran 2, Barack Obama 2, Ryan 2, Thomas Friedman 2, Mallory 2, George Gilder 2, Ronald Reagan 2,
Borrow a DVD
of this show
  FOX Business    Lou Dobbs Tonight    News/Business. Lou Dobbs. The journalist offers  
   his take on issues and interviews newsmakers. (CC)  

    September 2, 2012
    2:00 - 3:00am EDT  

2:00am
week a > >> good evening, everybody, it will soon be the democratic party's turn to renominate president obama at the democratic national convention in charlotte. unlike four years ago this event is expected to be a much more toned down affair. in 2008, hundreds of thousands tuned in to watch then senator obama accept his party's presidential nomination, enormous greek columns flanked the stage of hollywood.
2:01am
but democratic voters not as fired up this time around. a gallup poll 79% of democrats more enthusiastic of voting compared to 51% of republicans who say they are. that's not the only problem plaguing the dnc convention, high pro vile democrats actively encouraging members of congress to skip the three-day convention to stay home and campaign in their districts and the question whether former president clinton will upstage president obama. clinton, getting up prime time speaking slot wednesday, taking the stage one night before president obama. but having the former president there could back fire. by reminding voters of the sharp contrast between the two presidents. clinton oversaw a boom economy in the 1990's. this president has overseen 42 straight months of unemployment above 8%. the worst economic recovery since the great depression. as a result, president obama's
2:02am
in a dead heat with governor romney with just over two months before election day. our if he cans guest says democrats have long had an edge on the issue of medicare and the republicans have cowered in fear, but he says it's different this year. joining us is karl rove, senior advisor to president george w. bush, and carl, great to have you. i'm going to turn to this press conference, a pop in, impromptu press conference, is this the president just acknowledging the reality the fact that he was getting hammered, skinny, but tough, but not tough enough to take on the press corps. >> it's a check the box, i've been criticized for not showing up. i'll show up take four questions, 22 minutes and blow out of there and look, the white house press corps seems
2:03am
to be suffered from stockholm syndrome, and would you like to announce the republican in candidate from missouri for being extremist and use that to tarnish your opponent, how is that for an opening question, mr. president. how many months did he fail to answer the questions to the white house press corps? and you know, the cbs reporter, i have to admit, tough. nobody followed up. the president says we've never falled mitt romney a felon. and not only stephanie was noted in the package. but bob power, former obama campaign repeated the charges less than five weeks ago does the president have a short memory. who are you going to believe me or your lying ears, the president was saying today. >> the preamble to the first question was also, i thought, i enjoyed tremendously, thank you for being here, mr. president.
2:04am
turning to this race, again, we're looking at two points in whatever poll you look at. this thing is as tight as it can be. are we seeing a significant shift in momentum, much ballyhoo over paul ryan, is there a clear path to the white house for governor romney? >> that's my view. the republicans engaged on the issues of medicare early rather than late. normally what happens in the closing moments democrats send mailers to seniors and scaring them over medicare and now we're having an honest debate about it and american people understand that programs like social security and medicare are going bankrupt and we need something to do to save them and the republicans are laying out a concrete plan and removing this as an element the democrats can use at the end. the republicans have been
2:05am
gaining a better path in a tough election to victory than the democrats. president obama's problems are, people don't believe that what he's done, you know, is helping the economy. a recent poll said 46% said his policies will never improve the economy, that's pretty harsh when nearly one out of two say he will never i am perfect the policy. two-thirds have said to date either not helped or have actually hurt the economy. that's pretty tough if you're the incumbent to be dealing with the numbers, when romney's problems are, people don't know as much about them as they know about the president. >> you are the sage, so i would love to hear your explanation, why it is, the president's approval numbers, his head to head numbers here with governor romney don't seem to budge that much as you say calamitous numbers in the context. remember two things, first of all remember the first the
2:06am
middle of august 1980 jimmy carter was ahead of ronald reagan and remember the process. people have basically chose and side who are willing to choose a side today. everyone else is sort of floating out there. 8, 10, 12% of the vote are undecided or up for grabs weakly linked to the candidate they've chosen. what they're doing, absorbing information and at some point i need to make a decision and i'm ready. maybe at the convention, after the debates, but at some point they'll make the decision and fall into the camp. and there's a number that's astonishing, the number you referred to earlier. republicans announced last week, 186 million dollars cash on hand at the end of the july. the democrats waited until today the legal deadline to announce that they had 124 million dollars cash on hand between the dnc and obama. that means the republicans have a 62 million dollar cash on hand advantage. remember this, at theened of the april, the democrats were
2:07am
up by 95 million. at theened of may up by 61 million the end of june 23 million. obama won in 2008 in large measure he spent far more money than john mccain did. they hoped to take the spending advantage and turn it to their advantage in the fall this time around again, but they have spent too much and raised too little despite 205 presidential fundraisers, at the end of july full decisively behind to the romney-ryan tkt in raising money. >> fascinating numbers, we appreciate it indeed. carl ref, thank you. our next guest says the president wants a smaller merc in the name of global fairness, joining us now is new york tooms best selling author, whose brand new book released "obama's america, unmaking the american dream" released
2:08am
yesterday is already on the amazon top 10 best seller's list. he's been busy and producer, co-writer of the new movie "2016 obama's america" and basically i understand it's on the top 10. >> it's a documentary film and new information who obama is and there's a hunger out there. >> lou: conveniently in your new book, you review what reelected president obama would do and what america would look like. you talk about the founding fathers, talking about the haar hard law professor huberto unger. explain his influence, and the likely impact? >> well, obama was obsessed with his father, barack obama, sr., but barack obama, sr. was an absentee father so throughout hits life obama
2:09am
looking for other guys, i call them surrogate or founding fathers and he learned chapter and verse what he took to be his father's ideology from those guys. we know there was the communist frank marshal davis in hawaii, if, jeremiah wright and phil ayers, and a guy who has written that he would like to see brazil, china, india and russia gang up on the united states. he says it's a bad idea for america to be number one, he calls that america and germany, he wants to end it, he wants two, three, four, and five to come together and pull america down. >> lou: and why is such a man tolerated? what is the point? what does he bring to the students of harvard university? what kind of madness, like the fools who thought that the euro would replace the dollar and
2:10am
wonderfully sophisticated trans atlantic geniuses thought the dollar's days are done. haven't we had enough of that nonsense. >> this guy is not only tolerated, but separated and of course, obama took his courses and retained a close relationship and when the 2008 election, he skipped town, i'm a leftist and revolutionary, if anybody connects me with obama, it's going to hurt obama. he's a cocoon that protect the sillness and represent some insight into the future, and-- you're right the problem is when it's taken by a guy in the oval office to endorse pablam, and encores in the united
2:11am
states. >> and tell when what it means when there are chilling words expressed. >> there are three important countries in the middle east. three significant countries, egypt, iran, saudi arabia, since 1979, iran has been in the hand of the radical muslims. egypt is now on the way to the radical orbit with the brotherhood coming to power. and what's next? saud raeb, can you imagine if in the second term that he insisted that saudi arabia put itself up for elections who would win? the muslim brotherhood. and this then you have the important tripod in hands of the radical muslims, that's the dream, they wanted the middle east in a single orbit and one guy calls in the united states of islam. >> and a-- >> they had he have to work it
2:12am
out. here in the united states we have a civil war and we have to fight our way through it, but to create islam as a global power, that's a big dream. >> and it's a big book and we're delighted that you've written it, as i've said, already, the top, the top at the point on amazon on its way surely to the very top of the new york times best seller. the book is "obama's america", and be sure to check out 2016 as well. thank you very much. defer deportation, up to two million young illegal immigrants looking to avod void deportation, he has a few obje under
2:13am
2:14am
2:15am
>> the u.s. commission on civil rights held its first hearing on alabama's law targeting illegal immigration. our next guest appeared before the panel that met today in birmingham and argued that the state's law is not discriminatory and pointed out helped reduce crime and unemployment in the state. and joining us the kansas secretary of state. numerous state laws including alabama. great to have you here, chris. how would you characterize the
2:16am
both the accomplishment the conclusion of today's meeting? >> there were a lot of facts put on the table and pretty dramatic and positive outlook for the state of alabama. for example in the nine months after the law was signed into-- the bill was signed into law, unemployment went dropping almost two full points. the whole u.s. economy, the nation as a whole 0.7% and alabama is now one of the states that has lower than average unemployment and people credit it to the legal. the law encouraged illegal aliens to leave the states and roughly 42,000 alabamans came off the unemployment rolls and crime in certain categories is down and it's been a real success story. interestingly some of the opponents tried to protest and didn't want the facts on the table. >> lou: what do you mean protest? who you could they--
2:17am
how could they probably change the testimony before the commission? >> well, they were trying to shout down some of the speakers. >> oh. >> and interrupt the proceedings. >> lou: that's a part of modern life in america, isn't it? especially when you deal with issues as controversial as illegal immigration. and let's turn to a couple of things. have we also seen a commensurate decline in welfare rolls at the state level, the federal level, jobless chams? what has been the impact there? >> we have seen the decline in jobless claims in states like arizona and alabama and other states that have very vigorously tried to reinforce the rule of law. in terms of other welfare programs, we should be seeing that because part of these laws, both in arizona and alabama and actually about a dozen states is a provision saying no more taxpayer benefits, public benefits to illegal aliens, so it's a
2:18am
little harder to measure those decreases and figure out how much of the decrease in welfare outflow is due to fewer illegal aliens in the state. the justice department making clear to the state of alabama that it was concerned about illegal immigrants. the children of illegal immigrants in public schools there, what has been the impact there as well. >> well, contrary to the claims of some of the people in the open borders crowd that somehow this would shut down the school system or be denying people a right to an education or hasn't. alabama has been simply collecting statistics and a better graph on how much of taxpayer dollars are going to financele legal immigration. >> and you also appeared before the court of appeals on hazelton, trying to resurrect the hazelton, 2000, 2006 laws. when will we have a ruling, do you expect, on that? >> it's hard to predict when a
2:19am
court of appeals is going to issue a ruling. maybe 10 to 15 months-- >> did i ask you a question? can i ask you a question, chris? you're an attorney, a student of the law as well as practitioner and office holder. why in the hell should american citizens put up with courts taking that long to rule on anything, short of, let's say, you know, you know as larry gatlin would say, rocket surgery? i mean, this is nuts. >> well, i have to be careful since i'm an attorney who argues before the courts-- >> you've got to be honest here. you know what? it's about time the legal profession get honest. you know. >> well. >> it's disgusting what we're watching and i'm not saying this in particular, but many' talking whether it's a criminal trial, civil trial and this country is walking along with a nation of sheep. no problem for a civil trial to last five years, the criminal
2:20am
trial two to three years. business, our society it's destructive and no one has the guts in your profession to talk about it? >> well, i think some do. to be fair, some of our courts are really overloaded and-- >> i don't want to be fair, i want to be right and i'd like to know where the efficient court is because i want to hold it up for the country because frankly, chris, i couldn't point it out. >> there are a few circuits like the 4th circuit. >> we're going to take the 4th circuit, your model and follow it, but sounds to me you must do a lot of practice in the 4th circuit. >> thank you. their nickname is the rocket docket if that gives you any impression. >> lou: it gives me an impression of hyperbole. up next, union workers and bosses living high on money,
2:21am
and i'm sure the administration wants to do something about it and next, the
2:22am
2:23am
in a moment, cancer changed our lives forever. announcer: at this moment, st. jude children's research hospital is saving lives with pioneering research and care. and we'll never have to pay st. jude for anything, ever. at this moment, she wants to be in her own bed. i want to be back at school with my friends. i want to be outside playing. announcer: please take a moment and visit stjude.org today.
2:24am
>> well, a new book has shot to the top of the best seller list on its way and just come out. union boss, and democratic party aren't too thrilled about the new book because there are 8.3 million government workers in the country. 8.3 million of them. and that's a lot of folks and they make more money and work less than private sector workers, plain staement of tactffac tactf tactful-- staement of fact and you and i
2:25am
ar taxpayers are paying for the time, we're paying for the time spent working on union related matters and that's called in union speak, release time. release time. it amounts to amazingly, 23 million man hours and it's effectively a taxpayer subsidy of unions to the tune of 1 billion dollars a year. release, release the taxpayer money. it's incredible. this will please you, too. nearly half a million, half a million federal employees, that's one in five, were also
2:26am
compensated -- let's make that one in five federal workers. let's call them employees. and that half a million, folks, make in excess of $100,000 each year, each year. and they received up to 2 1/2 months, 2 1/2 months time off each year, but being a public employee, union boss is really, well, it really the pinnacle of it all. the union bosses make on average, ten times, ten x, what their members make. the president of the american
2:27am
federation of state, county, municipal employees, by the way, the union makes just 5 555,000 dollars a year. $555,000. the president of the national education association, the nea, the federation, the american federation of teachers, we'll call it that, they're in for 400 grand a year. and teachers unions, by the way, this is where it really gets good. teachers unions overall collect more than 2, 2 i'm just going to use this, teachers unions collect 2 billion dollars in
2:28am
dues each year. think about that. 2 billion dollars in dues. now, that money is going to liberal politicians, for example, president obama, his signature health care law designed to unionize, does this new book, 21 million health care workers. 21 million health care workers. is this starting to come together for everybody? we're starting to see this web of interest and direction? and why? because for every million of these workers unionized in the 27 nonright to work states, unions stand to earn a billion dollars in dues. do you get the feeling that
2:29am
there's a little at stake here when we talk about obama care, health care workers, unionizing as many as 21 million health care workers? well, if you're trying to catch your breath after taking a look at these numbers, get ready to meet the offer of the new book, shadow bosses, mallory factor is the author, but first we want to explain the numbers at the bottom of the chalkboard real quickly, if i may. this 28, that's the percent of latinos, 28% of latinos who say they have back governor romney in the new wall street journal poll. 28%, the republicans by the way are looking for 38%. this zero, it is the amount of support that governor romney receives from black voters. are liberal teachers unions
2:30am
indoctrinating our youth? guess who really runs our public schools? >> we'll be talking about public employee union power with the author of - hi, i'm halle berry, and as a new mom, i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you have any of these signs, please call your doctor. early detection can save your life. give to save lives and reach for the cure. call now or log on to childrensdiabetesfoundation.org.
2:31am
2:32am
2:33am
>> well, in tonight's chalk talk, we've laid out how america's taxpayers are financing the unions and how the president's health care law is in the judgment of our next guest, an effort to unionize 21 million health care workers. mallory factor, will all of these and many more stunning pacts of information together, and has written a brilliant new book "shadow bosses" government union control america and rob taxpayers blind. great to have you with us. >> great to be here. what a chalk talk interesting.
2:34am
>> lou: i've got a lot more for you to cover and we're going to turn first to the very idea that this is a significant part of the true obama agenda. >> this is the real agenda, the real agenda by these unions, the government employee unions was to unionize health care. they only have about a million and a half health care workers unionized. but as government starts paying more and more to our health care services, they're going to start unionizing them. already ten states have unionized these independent contractors. . you'll see nurses, doctors, as you so wellpointed out, every million members is a billion dollars in dues. that's a stunning number. >> stunning. >> lou: and what union principally tends to benefit from this effort, this initiative of the-- >> the sciu, the president was
2:35am
a part of, organizers, ask me-- by the way, president obama is our first union labor party president. and not to impinge only the food stamp president, but he's a historic figure in many ways, but interestingly there's a lot of history coming into collision now. one of those is the right to work and the unions, the power. and at times when most people think of unions as being something of, if you will, almost a relegated to the dust bin of history, well, under 7%, union organized labor in the private sector, my gosh, as you point out in the book, 37% of public employees are organizationed. >> they sure are. and 41% even more under union control because of forced
2:36am
collective union bang. what happened is the democrat union party figured out if they give money back to the politicians, the politicians would give back it them in a never ending cycle of corruption and greed. >> this goes back to the 50's and mayor wagner. >> sure does. >> lou: it all began. right to work states. we don't have any right to work states-- >> we have 23. >> lou: 23. and as you point out that's not whole story what's going on here? >> no, it isn't. it's a good part. in right to work states you don't have anywhere near the unionism as the forced union states. there's only seven states where you're not forced in collective bargaining and 16 of those right to work states, when there's a union they can't force you to pay them, but they
2:37am
are your sole representatives and 60% more people do pay them then e so your rights are overwelcomed by the presence of the union then in the workplace. and do you think that's going to change? how strong is the right to work movement and how is this confrontation between what, as you point out, is rising union power and riches to move ahead in the private sector as well as the public. >> the union has 14 billion dollars a year that we can find that they spend to push politicians to feather to nests and what happens is that the members have no idea who they're actually -- the politicians they're supporting and what they do with their money. it is just shocking. >> lou: very quickly, how much of a role do you think unions are going to play in this presidential election? >> you wouldn't have the democrat party that we have
2:38am
today if government employees unions didn't have the treasure troves of money. they're the piggy bank and the engine of socialism in our country. the money that they supply to our politicians is theasoline for that engine. >> we're going to see what the conclusions are in the weeks ahead. much luck with the book. congratulations. "shadow bosses, and so says-- and coming up. once becoming chinese economy has slowed, only 6%, and how in the world do they do that? the world do they do that? we'll take it up with the dean
2:39am
2:40am
2:41am
a single ember that escapes from a wildfire can travel more than a mile. that single ember can ignite and destroy your home or even your community you can't control where that ember will land only what happens when it does get fire adapted now at fireadapted.org >> joining me to talk about the effects that a chinese economic slowdown could have on us, the dean of the chinese international business school, the foremost business school in
2:42am
china. good to have you back. >> delighted. >> lou: the economy, 7.6% sounds awfully robust and here, it's disappointing to the chinese on some level, but i would have to think that even they are happy about that right now. if indeed if that's the number. >> there are the statistics in china, but we think confident it's between 7 and 8%. i think that this obviously does represent a little bit more of a slowdown than previously anticipated, but very robust. and the idea that china is now, i mean, well documented and broadly reported attacks against the united states, the secretary of state clinton or her comments in africa, which is a continent of which bothnations are contesting for valuable natural resources, seem to be a very strong response on the part of the
2:43am
chinese. was it an overreaction or should we expect more of the same? >> well, i think, best of all, this is the most important bilateral relationship in the world and i have said previously. there's going to be inevitably sniping that occurs periodically from one group or another in china, vis-a-vis the u.s., remember, we're in a leadership transition here in china as we are in the u.s. and enhe havebly the rhetoric is raised on both sides. but the one they think i with point out is over the last several years, the level and frequency of contact between u.s. government and chinese government officials has never been higher. and at every-- and have there ever been quite this many stresses? the chinese are feeling their oats from various quarters, not necessarily from the -- directly from the leadership. but they've been rather strong? their statements, but the fact of the matter is, it's getting
2:44am
to be a little bit of an edge there. and to write it off as to a transition to new leadership this fall, you're satisfied that's all it is. >> i think inevitably, there is an edge to it. you know, on the one hand you have chinese companies now going out of china. attempting to acquire states or outright ownership of companies in the u.s. and for that matter, in europe. >> and in canada. >> canada as well. >> a 15 billion dollar deal, seeing one of the chinese owned oil companies, buying, trying to buy it outright. do you think it will go through? do you think it's very smart of the united states not to counter in-- against that takeover of resources in canada, because that's what it amounts to. >> yeah, i personally think it will go through and i think it's a mistake to counter it. there are obviously certain cases, well-documented, where
2:45am
chinese companies attempt to acquire american firms and there are national security issues that are raised through the process. this is not at that level and he think that you have to remember, lou, that-- >> why would it not be? why would it not be? >> i think from a national security point of view we're simply concerned with the transfer of technology that we have developed that is highly sensitive from a security point of view, natural resources. >> lou: and told me point blank first, that the chinese were most interested in u.s. technology above all other assets and possibilities. at the same time, their interest in natural resources is manifest and it seems in congress that we would not object and would not insist on some adjustment and response on their part.
2:46am
they would never permit the united states or canada to buy a chinese company whatsoever period and for us to continue the sort of patronizing attitude that we adopt toward what is after all our greatest creditor is sublimely ignorant on our part and an attitude and a position that can't sustain itself, right? >> well, let me say two or three things, federal, there are many u.s. companies that have acquired and do acquire or take significant joint venture partnerships, stakes in chinese companies. >> i'm sorry did i say a joint venture, i meant they were buying is outright. >> don't respond with a joint venture. >> lou: when i'm talking about, taking ownership of the question. can they or can't they in china? because it sounds like you're
2:47am
questioning my statement. >> yum! brands and pepsi-- >> don't talk about yum! brands. an incorrect assertion, if you're telling me a united states company can go into china and buy a company outright say so. >> no. >> lou: we agree on that. >> we agree on that. >> then police go ahead. >> china has probably 30 to 40% of the foreign direct investment capacity available over the next three to four years for investment worldwide. now, we can take the attitude that we are strong enough to deny these investments, but as china is the largest, the largest potential growth export market for u.s. companies, i do not think that's wise to make strong statements that are not going to allow chinese companies. >> lou: i didn't say going to
2:48am
allow. that isn't my purview, but i do think that it's really important for us to understand that we are not operating with parity, with equity in the relationship, when we permit them to hold our dollars and our reserves to run over our interests. and-- >> i've got to take a hard break here. >> all right, fine. >> lou: thanks so much, john. always a pleasure, lou. >> lou: we'll continue the conversation. >> dependency nation, americans more dependent than ever on their government. how can this country return to prosperity. and best selling author, george and best selling author, george gelder, here to talk about his while some fiber ads use super models,
2:49am
metamucil uses super hardworking psyllium fiber, which gels to remove unsexy waste and reduce cholesterol.
2:50am
taking psyllium fiber won't make you a model, but you should feel a little more super. metamucil. down with cholesterol. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. mortgage. married. two great kids. he wants to protect his family with a $500,000
2:51am
term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. >> well, my next guest has
2:52am
influenced the economic policies of president reagan and more recently correspondingman paul ryan through his best selling book and here it is, "wealth and poverty", and joining us is legendary, em a -- i'm going to say economist, social thinker and co-discovery of the institute, george gilder, written on technology and economics, it's great to have you with us here, george. >> delighted to be here. the new launch of supply side economics. >> lou: this is astonishing. this book, by the way, if we've got that up. i know we've got it over here in graphics, but i've got to tell you a quick secret about this book. this book is, i think along with, with you know the books of milton friedman, i believe the most important books written on american capitalism
2:53am
certainly in the last 50 years, 60 years and i think it's terrific that you've brought the book back to reintroduce to folks and congressman ryan studied at your knee metaphorically this book. it's exciting to have romney embrace ryan. i think this represents a turning point for american policy and that we can't depend on spurring demands to impel growth. that growth is a product of entrepreneurial activity and any policies that don't foster creativity destroy demand. >> lou: and a lot of people are probably surprised to hear you talking like that because there's this idea that this is a world of spurious resources, that they're all finite, everything about us is predictive and should be predictable and there are
2:54am
those, as you know, by the legions and many believe the leader of that legion is a guy by the name of president obama. >> and john holdren, the famine sweeping the world by the year 2000. >> and thumb suckers, he mention their names, thomas friedman over the new york time, compartmentize we should prepare is your selves for the disappointments of the future rather than embrace it, and to insure that many americans and destiny and potential. >> well, it's really amazing how government props up the past in the name of progress and that's what friedman wants. he wants a land of windmills and solar cells occupying huge
2:55am
amounts of land and delivering no significant energy and no benefit to the environment. that is the key theme of thomas friedman's current posture, and it's ridiculous, but it's also captivated the obama administration with this cast of green goo and so it really is corrupting american enterprise. >> lou: your book, your thoughts, your perspectives in this book, your philosophy is so compelling because you don't defend capitalism, you don't defend free enterprise, you advocate it, you embrace it, you create great enthusiasm about the ideas that have made this country so wealthy and people forget, created so much wealth for entire world. >> that is right.
2:56am
>> and the book, how important is it, do you believe that everybody read this book? >> well, i think there's a whole new generation out there who really don't grasp the essential principles of supply side economics, that galvanized all the wealth that they currently enjoy. it really all began with that turning point, when ronald reagan assumed as following the carter administration and launched 20, 30 years, really, of expanding growth. and now, we're all encrusted with regulation and litigation and we're even trying to suppress co 2, i mean, we're in a -- look, we're the life force and it's crucial that we open the horizons of the economy. and you don't do that by putting a cap on the economy. by taxing the rich.
2:57am
the rich are businesses that have succeeded. >> george gilder is the wonderful book "in poverty, opening the who are-- horizons of your mind", embrace who we are and capitalism for all it's worth. all it's worth. >> up next, we'll check
2:58am
no longer beautiful? every year, millions of young women try to change the skin they were born with and say they'd die for darker skin. sadly, some actually do. melanoma is the second most common cancer in teens and young adults, and one person dies from melanoma every hour. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. a message from the american academy of dermatology.
2:59am
>> now for your co